MGM Names Japan's ORIX As Consortium Partner In Osaka IR Bid

MGM Resorts International has named Japanese leasing and financing conglomerate ORIX Corp as consortium partner in its bid to obtain an integrated resort (IR) licence in Osaka.

Las Vegas-based gaming giant MGM has become the first casino operator vying for a Japanese IR to publicly identify a major consortium partner, following the signing of a memorandum of understanding (MOU) with ORIX.

“MGM Resorts confirms that we are working with ORIX to create Japan’s first integrated resort in Osaka,” MGM Resorts Japan CEO Ed Bowers told GamblingCompliance today.

When asked to confirm if MGM had signed an MOU with ORIX late in 2018, Bowers said: “Yes, there is a memorandum of understanding.”

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